Glenn Murphy, chairman and chief executive officer of Gap Inc., saw his compensation fall nearly 6 percent in 2009, but he’ll more than make up the shortfall this year with a special bonus granted to him by the company’s compensation and management development committee.
In 2009, Murphy’s total pay fell 5.9 percent to $5 million from $5.4 million in 2008. The majority of the more than $300,000 decrease was attributable to a voluntary reduction in his salary, to $1.275 million from $1.5 million, as part of an overall cost-cutting effort undertaken because of difficult business conditions. His salary has reverted back to $1.5 million for 2010.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"